Waterway Corporation’s December 31, 2020 balance sheet showed the following: 8% preferred stock, $20 par value, 69400 shares authorized; 49400 shares issued $ 988000 Common stock, $10 par value, 6750000 shares authorized; 6650000 shares issued, 6610000 shares outstanding 66500000 Paid-in capital in excess of par—preferred stock 125500 Paid-in capital in excess of par—common stock 54000000 Retained earnings 15350000 Treasury stock (69400 shares)
Waterway Corporation’s December 31, 2020 balance sheet showed the following: 8% preferred stock, $20 par value, 69400 shares authorized; 49400 shares issued $ 988000 Common stock, $10 par value, 6750000 shares authorized; 6650000 shares issued, 6610000 shares outstanding 66500000 Paid-in capital in excess of par—preferred stock 125500 Paid-in capital in excess of par—common stock 54000000 Retained earnings 15350000 Treasury stock (69400 shares)
Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter10: Stockholder's Equity
Section: Chapter Questions
Problem 67E: Cash Dividends on Common and Preferred Stock Lemon Inc. has the following information regarding its...
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100%
Waterway Corporation’s December 31, 2020 balance sheet showed the following:
8% |
|
authorized; 49400 shares issued | $ 988000 |
Common stock, $10 par value, 6750000 shares authorized; | |
6650000 shares issued, 6610000 shares outstanding | 66500000 |
Paid-in capital in excess of par—preferred stock | 125500 |
Paid-in capital in excess of par—common stock | 54000000 |
15350000 | |
1261000 |
Waterway’s total paid-in capital was
$122874500.
$121613500.
$54125500.
$120352500.
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